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Banco Latinoamericano De Comercio Exterior SA - BLX STOCK NEWS

Welcome to our dedicated news page for Banco Latinoamericano De Comercio Exterior SA (Ticker: BLX), a resource for investors and traders seeking the latest updates and insights on Banco Latinoamericano De Comercio Exterior SA.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Banco Latinoamericano De Comercio Exterior SA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Banco Latinoamericano De Comercio Exterior SA's position in the market.

News
Rhea-AI Summary
Bladex (BLX) reports a record-breaking FY2023 with a net income of US$166.2 million, up 81% from the previous year. The annualized return on equity reached 14.7% due to consistent growth. Net interest income surged by 58% to US$233 million. The focus on fee income led to a 64% increase, totaling US$32.5 million. The Board of Directors doubled the quarterly dividend to 50 cents per share, emphasizing shareholder value. Bladex's commercial and loan portfolios grew significantly, with deposits reaching US$4,408 million, up 38% year over year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
none
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Rhea-AI Summary
Bladex increases common stock quarterly dividend to US$0.50 per share for the fourth quarter of 2023, payable on March 19, 2024. The bank, founded in 1979 to promote foreign trade, has 36,539,860.73 shares outstanding and operates in multiple countries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.03%
Tags
dividends
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Rhea-AI Summary
Bladex, a Panama-based multinational bank, reported strong financial results for 4Q23 and FY23. The Bank achieved a record net profit of $166.2 million in FY23, driven by higher revenues and efficient operations. Key highlights include a 50% YoY increase in net profit for 4Q23, a 58% YoY growth in Net Interest Income, and a 64% YoY increase in fee income. The Bank maintained a healthy asset quality with a low credit risk portfolio and stable liquidity position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.03%
Tags
none
Rhea-AI Summary
Bladex announces a $50 million stock repurchase program to return excess capital to shareholders and support future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.03%
Tags
buyback
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Rhea-AI Summary
Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) is hosting a conference call to discuss its 4Q23 results, featuring CEO Mr. Jorge Salas and CFO Mrs. Ana Graciela de Méndez. The earnings release will be announced on February 22, 2024, with the conference call scheduled for February 23, 2024, at 10:00 a.m. Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
Tags
earnings
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Rhea-AI Summary
Banco Latinoamericano de Comercio Exterior (Bladex), listed on the NYSE as BLX, successfully closed a US$368 million A/B Loan Facility under IDB Invest's A/B Loan Structure, and a US$27 million associated Debt Service Reserve Letter of Credit Facility. The A/B Facility, co-led by Bladex, IDB Invest, JP Morgan, and Scotiabank, was 2.2x oversubscribed with US$482.5 million commitments from 22 banks. The transaction will refinance existing debt associated with three operating renewable energy projects and fund the construction of three additional photovoltaic facilities, expected to reach a total capacity of 390 MW by 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
Tags
none
Rhea-AI Summary
Banco Latinoamericano de Comercio Exterior - Bladex (NYSE:BLX) partners with TC Latin America Partners and Toesca Asset Management to launch Greenbridge Capital, a regional private lending platform. The first factoring vehicle will be funded by Bladex, with operations starting in Chile and plans to expand to Colombia, Peru, and Mexico. The initial financing capacity is up to US$200 million, focusing on the Chilean factoring market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
-
Rhea-AI Summary
Bladex announces quarterly dividend payment for third quarter 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
dividends earnings
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News
Rhea-AI Summary
Bladex announces net profit increased 23% QoQ and 70% YoY to $45.8 million in 3Q23
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
earnings
Rhea-AI Summary
Banco Latinoamericano de Comercio Exterior (BLX) announces conference call to discuss 3Q23 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
Tags
earnings
Banco Latinoamericano De Comercio Exterior SA

NYSE:BLX

BLX Rankings

BLX Stock Data

1.07B
27.04M
1.75%
31.22%
0.7%
Commercial Banking
Finance and Insurance
Link
PA
Panama City

About BLX

el banco latinoamericano de comercio exterior s.a. (bladex) fue originalmente establecido por los bancos centrales de américa latina y el caribe, como una organización multinacional que contribuyera a incrementar la capacidad de financiamiento del comercio exterior en la región. desde el inicio de sus operaciones en 1979 el banco se ha dedicado a servir al mercado latinoamericano y en 1992, bladex se convirtió en la primera institución bancaria de américa latina en ser listada en la bolsa de valores de nueva york y el primer banco de la región en obtener grado de inversión. las ventajas competitivas de bladex surgen de la escala regional de su negocio en latinoamérica, sus productos y experticia en el mercado de financiamiento de la cadena de valor del comercio exterior. nuestros clientes se benefician de un modelo de negocios que facilita la conexión dentro américa latina, y entre ésta y el resto del mundo, así como de un amplio abanico de soluciones financieras. nuestra presencia en